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a foothold in the country. the chairman of atpan chamber of commerce and industry made the request at a meeting with vietnamese president. seeking the cooperation of the vietnamese government in improving the country's business environment. he says, japanese firms with high technologies can contribute to the economy. the president expressed his intention to provide maximum support stressing that vietnam is politically stable. officials at atpan chthe japan of commerce say firms in china may switch to vietnam. responding to recent anti-japan demonstrations in china. >>> company executives will launch the new models in japan by march 2013. sharp has commercialized the world's first super high definition lcd panels. they consume 20% of the power compared to previous models. the firm may supply the panels to taiwan's precision industry. sharp is in talks with the taiwanese electronics firm about capital tie-up. sharp aims to turn to the black by showing a net profit in the business year through march 2014. the firm's main creditors, are to offer loans up to a combined total of $2.5 bil
in the commerce department. economists warned that even though the spending is up, many consumers are still afraid to open their wallets because of high gas prices, the upcoming election, and a looming fiscal cliff. >>> 33 million people are expected to travel this holiday weekend, but it makes more sense to do it after the weekend if you can wait. after labor day travel has become not only pleasurable but affordable. it's a great time to get away. temperatures are still nice, crowds are smaller. here's the catch. plenty of great bargains. for example, hotels in london are 60% cheaper than they were during the olympics. here's another one. luxury hotels in hawaii are charging 40% less than they were just a week ago. >>> all right. we might have to go somewhere, jeff. it was just darn cold today. >> it was. a lot of spots had trouble even getting out of the 60s. it's all because of the fog and that strong westerly wind. we do have a 30 degree temperature jump in the seven-day forecast. hold on, folks. that fog shrouding in san francisco. that's where we're tracking three hour delays. we could see d
't be finding kim kardashian. after saying she wanted her own star, a rep for the chamber of commerce, winning the award is part of a criteria for being collected, and a career in acting for five years or more. don't you hate that? >>> now, for another look at the weather, bill karins with the forecast. i was under the impression you could buy those things. but i guess not. >> the stars? >> yeah. >> i'm confused on that, too. >> apparently you can't. >> i didn't know you had to win an award. all eyes will be with what's happening with the democratic convention. charlotte, we aren't going to see the most ideal conditions over the next couple of days. we'll be dodging thunderstorms on and off, through monday, tuesday and wednesday. not exactly perfect weather conditions. but nothing that will rain out the convention. it will be warm and humid. very summer-like in charlotte. also, that humidity is up this morning, from new york all the way down to d.c. new england will get a break. all of the humid air will win out. if you're in the humid air mass this time of year, you're going to get a chance o
of commerce and interview with the spanish network telemundo. he will hold events in texas. the awards a message in a tight presidential race some african american clergy see no good candidate in the race for president won who is a mormon and the other back same-sex marriage. anne mackovic with more. >>> sunday at mount zion church in berkeley for some that means talking politics >>> i don't make recommendations might push is to make sure they vote. >>> in a acp is registering people to thousand eight obama 1 over 95 percent of black voters expected to get an overwhelming majority again but cannot afford to lose much of the base. the president cannot and support of same sex marriage, a touchy issue >>> yes it is >>> on the other hand mitt romney is mormon religion that once barred man of african descent from priesthood >>> i don't really think their religious background or denomination i believe what they can do for the people what they could do to effect change in our nation that is what is important >>> this is about rights. >>> the in a act came to stand for proposition 34 to abolis
resales increased 7.8% last month, and the commerce department says new construction was up more than 2% last month from july. the encouraging housing news gave the stocks a lift. the dow jones industrial gained 13 points while the nasdaq gained four points. chick-fil-a apparently is backing away from the controversy over gay rights and marriage. the restaurant chain issue ad statement wednesday saying it had stopped funding organizations opposed to same sex marriage. the company's president sparked a controversy during the summer when he said he opposed same sex marriage. >>> the number of americans facing a penalty for not buying health insurance is much higher than previous estimates. the nonpartisan congressional budget office says the penalty will hit almost 6 million americans, most would be middle class. the figure is 50% higher than the cbo's previous estimate. the average penalty will cost about $1,200. >>> microsoft co-founder bill gates topped "forbes" magazine annual list as the richest man in america as he has in previous years. but mark zuckerberg was the biggest loser on
association, the chamber of commerce, the national parks conservancy, the last meeting, a couple of the restaurant managers did come out to support this endeavor, as well as two of the landlords, drakes east bay company, we're excited because they're a local company, food service distributors, the peninsula, spca, dug mccon nel and erik bran den badgering, although this project has a lot of support, staff has spoken to members of community who expressed concerns about hours of operation, delivery schedule, outreach, lights and garbage and a number of people bho have come to this meeting -- come to the operations community include patricia joy, arthur, gloria and louis dillon. as we move forward, our next steps, we do recommend that the commission does approve the recommendation for the board of supervisors to approve this lease agreement. upon approval by the commission to recommend the agreement, staff will work diligently with the board of supervisors to schedule this item. should it be approved by the board, wood house will hire an architect to submit detailed drawings, they w
environment. they were led by the chamber of commerce and made the request in the capital on thursday. they were in talks with the president and minsters in charge of the economy. he asked the officials to create a legal framework needed for foreign investment to provide incentives from investors from overaccess. the country will take measures because he wants more investments from japan. >> ken kobayashi is one of the delegates visiting. he emphasizes that investor nations should find an affinity for the people in the destination countries. >> costs are not everything when it comes to global investment and expansion. the attachment or otherwise to japan of the people in the operating country is one of the most important factors in doing business overseas. >> before i go, let's get you caught up in the marks. we had a late rally helping to boost sentiment in other markets. the nikkei ending a half percent higher today. the shanghai composite up 2.6%. in europe, major indeces are trading like this. we are seeing pretty much here for most of the majors. london up by 3/10 of 1%. paris se
of commerce in los angeles. a laboring labor walkout that could have hockey fans feel like they're stuck in the middle. the nhl season hangs in the balance and a man things he's got a very bright idea and police say, not so bright. they showed up and didn't end well. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] wells fargo. together we'll go far. >> a major set back for professional hockey players and thei
this week. mr. romney speaking to the hispanic chamber of commerce. the president on univision. everybody agrees they need 38% of the latino vote. right now the president is up two to one among latinos. continuing with kristine pelosi and jackie gingrich cushman and senator evan bayh. can the republican candidate overcome his own harsh, very harsh antiimmigration rhetoric during the primary season and draconian language that broke no compromise, no compassion at all for the undocumented? >> i think it really is a problem for mitt romney but a bigger problem for conservatives and republicans in the future. the demographic wave of hispanics that has hit america is something that is going to be continuing and if conservatives cannot reach out and win hispanic support they are going to be a permanent minority. so mitt romney has got to get serious about this. i think the best way to do that is to talk about legal immigration reform. because the fact is illegal immigration is now down to a 40 year low. and we he could solve illegal immigration if we would simplyn legally, people that we need w
of commerce. he's touting his plan for business owners and the middle class while a new ad ratchets up the pressure on a global competitor. >> my plan is to help the middle class. trade has to work for america. that means crack down on cheaters like china. it means open up new markets. next, we've got to balance the budget. you've got to cut the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations and health care policies that help small business. we put those in place, we'll add 12 million new jobs in four years. >>> meanwhile, we're getting new information about what was supposed to be the critical speech of mitt romney's presidential campaign, the one he gave at the republican national convention in tampa. politico citing unnamed sources says the romney campaign went through two different sets of speechwriters and then used practically nothing from either draft. mike allen and jim vandahai. romney and top strategist stuart stevens, the focus of the piece. allen and vandahai said they were forced to comp
chamber of commerce and lots angeles split into an interview with the spanish-language networks telemundo. he also has fund- raising event in utah texas and florida which is no this new world will soon serve alcohol for the 51st time. but officials say beer and on and will be on the menu at a french restaurant. lines and this will complement the french cuisine inside. how hard it is served at some of this this sector. this is a force for disney won't and the restaurant opens in mid november. >>> and left for the latest and is in giants. could the fanaticism if this for the bay area. >>> ,,,,,,,,,,,,,,,, [ chirps ] ♪ [ chirping ] [ chirping ] ♪ [ chirping ] ♪ [ male announcer ] audi a4 drivers have spoken. [ engine revs ] and they ranked the a4 highest in total quality index in its class. [ chirps ] ♪ >>> temperatures a little cooler run the bay area. this season's 70's are round of nato patchy fog cool '50s and '60s out towards the coast. >>> lips the across the golden gate bridge. not too bad. a bridge so far things are moving fine. check-up less than 580. >>> the nhl lockout is
was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the drought. it's destroying crops, including the corn in this field le roy, illinois. and on the land clayton arnold has been farming in walker, missouri, for 40 years. a new report today on the drought says it continues to get 5%rse. it now covers 65.5% of the lower 21.5and in 21.5% of that area, the area you see in red, the drought is extreme or exceptional. so we asked anthony mason to dig further into the impact the rtought is having on our economy. t reporter: 90 miles southwest of dallas, in aquilla, texas, the drought has cut back ronnie gerik's cotton crop severely this year. f> it impacted not just myself but all the ag industry. >> reporter: in fact, the government now says the drought is slowing the entire economy, costing the country $12 billion in the spring. >> farmers don't have money to spend. they're not going to spend it, you kno
to make a slow but steady recovery. home resales increased 7.8% last month, and the commerce department says new construction was up more than 2% last month from july. the encouraging housing news gave the stocks a lift. the dow jones industrial gained 13 points while the nasdaq gained four points. chick-fil >>> the number of americans facing a penalty for not buying health insurance is much higher than previous estimates. the nonpartisan congressional budget office says the penalty will hit almost 6 million americans, most would be middle class. the figure is 50% higher than the cbo's previous estimate. >>> microsoft co-founder bill gates topped "forbes" magazine annual list as the richest man in america as he has in previous years. but mark zuckerberg was the biggest loser on the 400 wealthiest americans. he tumbled to 36 on the list from number 14. facebook's lackluster stock price cost him more than $1 billion in net worth. no worry. "forbes" magazine says his net worth is estimated still at almost $9.5 billion. >> had to look down to make sure that was right number. >> not too much
on by the u.s. chamber of commerce and we made sure that we were there. this from the experience, i know that veterans tend to do well in our careers. usually it is just a matter of letting them know all the different opportunities that are out there. giving us a chance to get them into our interviewing process. neil: i know you remind folks given the discipline and organization of the veterans in general, that they are of interest to employers because they are very loyal. for another thing, they worked their butts off. is that message getting through? >> i think that it is. i think in our career, especially having daily disciplines, it serves them very well and the financial services field. they have a sense of service. they join the military to protect the country and they serve the nation. now, in our field, they really serve our communities. one family, one business at a time. we find that just that reliability, that discipline, that willingness to serve others, it always serves them really well and serves our policy is part of our field force. neil: why is unemployment higher than t
the symbols of american streng streng strength, our economy and our commerce, be our military might and our democracy. and took the lives of citizens from more than 90 countries. it was the worst terrorist attack on america in our history. today, people gather across the united states, around the world to remember the tragic events of 9/11. some take part in ceremonies like this. others spend time in quiet reflection and prayer. all of us take a moment to remember again where we were at that fateful moment. here together, as one family, we pause to honor and to pray and to remember 184 lives lost at the pentagon, more than 2,700 killed in lower manhattan. and the 40 who perished in that field in pennsylvania on flight 93. these victims' families remember those who were lost as mothers and fathers, brothers and sisters, sons and daughters. the family members here today know that the entire nation, entire nation joins you in mourning the loss of your loved one. we are honored by your presence. and just as your loved ones are heroes forever, so are all of you. today, be we also recognize and r
have the head of the chamber of commerce and special guests next. ashley: today's winners and losers. ashley: commodities beat equities, bonds and the u.s. dollar public its second consecutive month the longest streak in the year. will the trend continue into september. sandra smith joins us with today's trade. sandra: that is the big question. where's the money going to go the rest of the year? commodities last couple months, is the money going to go into the car for the last two month? >> we will see a rally in commodities especially greens. they have the seasonal cycle will back and traders think a lot of quantitative easing there is no audit on the fed or anything so people think there's money going into the market. sandra: weaker u.s. dollar and higher commodity prices. oil 115 by the end of the year and $9, are these practical forecasts in your opinion? >> on the grain side it is. the job is turning through that hitting an all-time low but as far as oil, 115 is aggressive and you won't see that number without quantitative easing 3. >> precious-metals are heating up. gold has be
with the consequences. ashley: right over the top. and facebook is getting into the e-commerce business. allowing you to send real gifts to your virtual friends but the question is, will it be a gift for company shareholders? we'll be asking an analyst. tracy: don't get that virtual stuff. anyway, top of the hour. time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were just talking about it. spain kind of helping us back again today, huh? >> that's right. when we talk about spain again, spain again and that sometimes hits our markets but today we'll say it's spain again but in this case it is good news that the bank stress tests came in better-than-expected. they weren't as bad as they could have been. of course there are still banks that need to raise more capital and such but overall, it was pretty good news. so what you saw was that the dow came up off the lows. it almost hit that unchanged line. it was down over 100 points. we're looking at longer term charts here. this is a one-month chart. for the one-month we're up almost 3%. fo
tonight for a speech tomorrow to the u.s. hispanic chamber of commerce. he cancelled his campaign visit to pueblo colorado today after a small plane crash there. his campaign said he did not want to interfere with the investigation. instead the former governor stayed in massachusetts to prepare for the upcoming presidential debates. >>> politics came to the pulpit in san francisco this sunday with a visit from the head of the nation's largest civil rights organization. john sasaki tells us about the naacp's sermon. >> reporter: the city of refuge south of market welcomed a special guest. benjamin nellis joined the congregation to mark a somber event. >> four black girls were killed in birmingham as their families and community were fighting to vote. >> in terms of the intersections of our civil rights as people of color, our civil rights as women, our civil rights as transgender people. >> reporter: we met one on one with justice. >> free up millions of the dollars to actually invest in solving unsolved homicides. >> reporter: because he says it is so much more expensive to prosecute de
of national index fell from july to august and fell short of economists' expectations. >>> the commerce department reports that spending in july fell by the most in a year as both the private and public sectors cut back on investment. >>> positive news about real estate. private real estate data core logic says home prices jumped 3.8% in the 12 months ending in july. the year-over-year increase was the biggest in six years, that's further evidence that the housing market is steadily recovering. >>> and netflix shares plunged nearly 10% this morning on the news that amazon to off aer movies from viacom and lion's gate and prime video subscription plan. this comes after the streaming and eun, back over to you. >> julia, thank you. >>> very common skin condition that nearly all people experience at one point in their lives regardless of age or ethnicity. dr. cheryl burgess joins us with more on the causes and the treatments. good to see you. start by explaining, what is dandruff and how do we get dandruff? >> most people see a flakiness and the flakiness is also associated with dryness, bu
helped drag down the american economy and experts say it could get worse. according to the u.s. commerce department economy drew 3.1%. that is lower than the government's of -- 1.3% and that is lower than 1.7%. the drought and consumer spending contributed to the drop in the rate of economic growth. some analysts say the drought will continue to hurt the economy for months. republicans claim the numbers show that the president's policies have failed while the white house points out that the economy has grown for a dozen consecutive quarters. according to a new fox news polls of likely voters, 44% approve of the president's handling of the economy compared to 35% two years ago. john reports is following the romney campaign and live tonight but first, let's get to ed henry live outside the white house. you would think the bad economic news would have the president scrambling? >> especially on top of that economic growth number you mentioned which is very weak, durable goods, that came in. it's down 13.2%. washing machines and things that are supposed to last three years. it was the worst d
are shopping. the commerce department is pointing to higher gas prices. labor officials say while consumer prices are up for the first time since march, higher gas prices account for about 85% of that increase. food prices also a little bit higher. some of the of the things consumers are paying more for -- rent, medical care, new cars. but you are saving money on clothing, furniture, and air fare. it looks like the tax break we have all been getting when shopping online may become a thing of the past. more and more, online retailers are starting to include state sales tax on your purchases. it is part of a long battle at the cash register between traditional brick and mortar businesses and websites. in reality, you have been responsible for that tax for years. you were supposed to voluntarily pay it to the state. >> with the amount of money that amazon will be collecting or we will be collecting off of amazon, in the state, it should be a pretty significant amount of dollars coming in. >> the move is also a traditional retail shoppers helping that start to mezzos, that many will be promoti
will be facing off live on nbc 4. that debate co-sponsored by the fairfax chamber of commerce gets underway at noon in mclean. julie carey and aaron gilchrist are the panelists. >>> when we come back, a prominent d.c. abolitionist has a place in the u.s. capitol. >> reporter: i'm tom sherwood. this big statue of frederick douglass. >>> and >>> a statue of famed abolitionist frederick douglass is finally going to get a home in the halls of congress. >> it will join statues from the nation's 50 states. as tom sherwood reports, the honor for the civil war leader has been a long time coming. >> reporter: frederick douglas is barely seen by the people walking by. the former slave and educated abolitionist battled for the rights of all people. winning world recognition. but an effort to get the statue to a ceremonial spot in congress has language wished for years until now. the d.c. democrat eleanor holmes norton and dan lundegren from california reached a bipartisan compromise to have douglass moved to capitol hill. >> i made a promise to the delegate. to the congresswoman that we would do this.
creation. norelco held near two-year highs. according to the commerce department, sales fell to a seasonally-adjusted annual rate of 373,000 which was below what economists were looking for, meanwhile, home prices jumped to their highest levels in more than five years. and greece's international lenders are at odds over how to solve the country's debt crisis. the imf has been pushing to restructure greek's debt owed to foreign creditors. e.u. leaders prefer to give greece more time to meet bailout goals. well, here we are at 30 minutes to go, actually, 20 minute toss go. of let's get a check on the markets with nicole petallides at the new york stock exchange. you've got one of today's top s&p 500 movers. what do you have? >> reporter: oh, yeah. taking a look at dean foods, right? i pulled it up nice and big for us. it's up a full five percentage points right now. dean foods clearly a winner on the s&p 500, and why is that? because they are confirming that they are scoring a potential sale of their morningstar dairy operations. as a result, you see that being a winner. a lot
. the three big boys, staples, officemax, office depot made up the top 10 of online e-commerce companies. there was a big opportunity. liz: you say women. this is for kids and guys wouldn't mind a little color in the offices. look at these staplers. almost every product you guys have comes in a choice of 10 different colors. >> yes. liz: tell me about that. >> we started what we call the poppin palate. starts with 10 basic colors. same way you wan accessorize your home or accessorize your outfit we give folks tools to accessorize the places they work. whether a student, male, female, heading off to the university of tennessee, perhaps you want to outfit your desk with orange and white. liz: i get it. >> maybe started at sweet 'n low and want a pink stapler on your desk. a lot of choices to really express yourself. that is what the brand is about, personal expression in the workplace. liz: talk about companies already on board actually buying from you. chanel, pandora, they're buying office products from you. linkedin. there is theme here. fashion forward or very edgy, correct? >> fashion
, a hollywood chamber of commerce which determines who gets a star says the realities are is of the not on their radar. >>darya: a big hollywood actor had to be rescued. russell crowe had to be rescued by the u.s. coast guard he was kayaking with a friend of of long island and they got lost. members of the coast guard were on a patrol boat and heard them calling for help. >>darya: here is a new way to share a beer with the president, you can drink the white house special brew which was a secret until now. the obama administration released its homemade beer recipe. the sunnyvale and the honey porter recipes are now available. the beers are made using honey harvested from the white house a beehive in to the rest of these lease comes after pressure from the online home growing community that included a petition on the white house what site in the freedom of information act request. >>darya: this is probably not the first thing you notice when you drink a beer, they say the shape of the glass helps to affect how long it takes to drink a beer. >>darya: here is a look at
nations. i look to thomas jefferson's quotation for inspiration. peace, converse -- commerce, -- america should stop acting as the world's policeman. i do believe in a strong national defense, but the optimum board is defense, not offense. we do not have the money to continue the wars. our money could be more wisely spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- including iraq, afghanistan, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating policies we have almost punished our friends and helped our enemies. we decided to turn our backs on two of our allies, the czech republic and poland. we had plans to build missile defense. we gave that is a concession to russia. how much has russia helped us with iran? how much has russia helped us with the situation in afghanistan? giving special attention to chavez and turning our back on netanyahu when he wanted to meet with the president, the sending of mixed s
, information, in what direction and it continues. it is this same debate. you can talk about the commerce clause and equal protection of due process. it is all the same debate and it is an appropriate debate and hit is one that i would wish would sort of try to reach the same high-level that we saw in philadelphia that we are going to see at other points in the ratification process. sort of defense and arguments. who sits at home and drafts arguments that you see letters? you don't have a staff do these things. these are people who were engaged and also -- these were not scholars. these were not people who appropriated to themselves licenses to interpret or talk about this. these were foreigners. some of them who had formal education and some did not but they cared about this country. i think that i go back to your point. you talk about the written and the unwritten constitution. the unwritten constitution is sort of trying to to bring current events and problems and development and that debate continues on each one of them and that is why you see different points. that is why arguments -
quarter was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the drought. it's destroying crops, including the corn in this field inula roy, illinois. and on the land clayton arnold has been farming in walker, missouri, for 40 years. a new report today on the drought says it continues to get worse. it now covers 65.5% of the lower 48, and in 21.5% of that area, the area you see in red, the drought is extreme or exceptional. so we asked anthony mason to dig further into the impact the drought isaving on our economy. >> reporter: 90 miles southwest of dallas, in aquill atexas, the drought has cut back ronnie gerik's' cotton crop severely this year. >> it impacted not just myself but all the ag industry. >> reporter: in fact, the government now says the drought is slowing the entire economy, costing the the country $12 billion in the spring. >> farmers don't have money to spend. they're not
setting, the hispanic chamber of commerce. bill: i think 11% is the unemployment rate nationally for latinos. if that number is right, then here is the next question we asked about improving the economy and creating jobs. president obama gets the clear nod at 59 to 33%. who do you trust handling immigration. again, 59 to 33%. why do they give president obama credit and not willing to go with governor romney on that. >> partisan identification among all groups has become powerful in this polarized era. there are two models. one successful, one not successful. the unsuccessful, bob dole and john mccain. the successful model george w. bush in for he got 40% of the hispanic vote. hispanics are growing every four years. this year thet be between 8 and 10% of the entire election threat thaeven electorate that turns out. he's doing the right thing but belatedly in reaching out to hispanics. governor barbour has said in the past couple of days this is the number one priority for republicans going forward to crash the hispanic vote. bill: this is also what we found in our polling. preside
of these issues. but the absolute core issue is bankers are meant to help service commerce, not be a barrier that gets in the way. >> reporter: so this commission will be looking at regulation and potential policy changes around uk banking. they'll report back with proposed legislation, coming into christmas. december 18th is when they're expected to report. lots more evidence expected to be reported. >> thank you so much. james ferguson is still with us. there's so much going on with the uk. what is interesting is we're trying to -- the uk is setting up its own regulations, whether we're heading into direct conflict with the what the eu might be proposing because they're going to rip up the eba and have extended powers over uk banks, whether we're heading for a collision here. >> if europe's problem is that everyone has the same policy but all have different fiscal policies, different tax rates, we've got the same issue potentially brug here with banking.ewing here with banking. if they have to be bailed out by the taxpayers, which tax pay sne ers? maybe we should make the decision whether
and they would be sing examining dancing if they had been as hoe as they are in inverted commerce. we caught up with some very academic important men in german, the academic mentor, and asked him some of these questions. for example, what the esm should look like and what the ecb could or could not do. here's what he had to say. >> the problem is that a change, the old friend of policymaking because up until now it was forbidden -- it was a rule not to buy bonds and you understand when they started in 2010 is, well, we have to buy some bonds simply to keep the market floating, to keep them flexible. but meanwhile, it's clear, this is not the idea. so, now the idea is simply to support governments. >> one of the problems of massive bond buying programs is that it knocks the whole market system out of sync, so to speak. it's much easier for governments to buy bonds. this is what the professor also warned about. >> the banks are really financing the governments at this time. and you see there is also specialty because if a bank gives a loan to a private company, then they have to have capital. if
and commerce bank are named. >> is the british public ready to sell their stake to a chinese company? i don't know. we're open for business, you but we need to see the profit on the table. >> the world's top designers have been showcasing their latest collections in london. i went down to check out the shows and find out just what the forecast is for the luxury market. asked vivian westwood where she sees pockets of growth. >> at the moment, it's in china. if you didn't have the chinese buying things, then the fashion business would be completely on the floor. it won't migrate to africa, you know. it's just not going to happen. by then, we'll be frying by then in this climate change. we've got to do things in between. if we do things in between, i don't know where we'll be in the future. but i have far too much product. the nation of the fashion business is that in order to support the nucleus of what you do, there are so many spinoffs that you have to have because it has to be subsidized by these spinoffs. what i do would lose money if it didn't up the spinoffs. i don't know. it's just a w
chamber of commerce. what is the message, good morning. >> apart from just jobs and the economy and it's laser like focus that the romney campaign has had in recent months. they are making the argument that there is so much upheaval around the world and domestically as well that the framework of the election needs to change from jobs and the economy to a change of president on all fronts. the romney campaign saying that president obama amounts to a status quo reee hreb. i re-election. if change matters to the american people they should vote for mitt romney. romney will point out that president obama promised to make immigration reform a priority and he will suggest that that is yet another example of a broken obama promise. mr. romney will also go on and detail a little bit about how he would reform immigration law and the hispanic vote is obviously incredibly important not only in california but across the country. mr. romney trails by a 3% margin. in that regard mr. romney is off the pace. it's generally accepted that a republican needs to get well over the mid 30s in order to be tr
was making here in los angeles. chamber of commerce, when he spoke to that group yesterday. this is a distraction now for him. he heads off to utah and texas. he has fund-raisers there. >> how troubled are they by this? >> they think this is unfortunate. not so much his underlying point, which doesn't really contradict his campaign message, but the way he said it. there's no plans now to really back off this, issue an apology. because it does kind of square with a lot of romney's message, which is that the president has a campaign that wants more government, big government. and people are becoming more dependent on government under president obama. that's romney's message. what he said in that fund-raiser isn't really at odds at that. but as he said, it was the way it was phrased. >> thank you, january. >>> with me now, john mccain's manager when he ran for president in 2008. welcome. >> thank you, charlie. >> how damaging is this and all these reports of dissension in the romney camp? >> the two are unrelated. everybody has the youtube moment in politics. you just describe
economy, what are you seeing? >> we know that china's commerce ministry called on japan to take complete responsibility for any trade fallout, but latest china fdi numbers show china has a lot to lose as well. japanese investment increased 16.2% in the first eight months. but that's much slower than the 50% increase in 2011. on the whole, down 1.4% on year, but that's higher than that of july. january to august, investment inflow declined 4.3% from the previous year. if you look at a breakdown, debt-plagued europe was the weak spot. investment from the u.s. declined 2.8%. foreign investment into the agricultural sector tumbled nearly 15% on year, but the silver lining was in the services sector, hired by over 5% on growing domestic demand. >> i want to thank you very much for sticking around and sharing your thoughts on everything happening. sixuan, we'll see you a little bit later in the program. >>> let's bring you up to speed where we are, just an hour and 15 minutes into trade. after losses yesterday, this is where we stand right now for european equity markets. there's a number of s
? we have a prime example right here in the center of america commerce. that's next. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. charles: israel is always a lightning rod politically. but it's also become crucial place for investing, especially in pharma and high-tech. adam shapiro is live at the innovate invest israel conference in manhattan. adam, newscorp chairman and our boss rupert murdoch is speaking to kick this event off, huh? adam: he did kick the event off. he did speak to the people who have gathered here. actually quoting fr
as possible so we can create commerce, which is what we are designed to do. for smaller banks, they don't participate, they do the basics and make it easier for them to do what they do best. tracy: dodd-frank causing small businesses, small banks 25% more than they need to. thank you for being with us and sharing your thoughts. >> thank you very much, and pleasure to be here. dennis: the check is not in the mail. u.s. postal service to default on a huge pension fund payment making it the second-largest payment in two months and has missed some $5.6 billion paying in to pre-fund retiree health benefits. the post offices in 25 early in dollars every day. 5 billion june quarter in the 1 billion pieces. closing small branches. tracy: the post office of the most beautiful buildings, prime real estate. dennis: taxpayers funding everything. tracy: maybe somebody will send a card. the nfl referees are ready for some football. the refs are back, and hopefully no snafus like this one on monday night. keep it right here, live coverage of the nfl news conference this hour. dennis: chase government
for the company? is this the reaping for all of the things they have sown over the past few years? >> e-commerce is only 20% and amazon is forward position for that. i think it is early as far as retailers are concerned and i think the heavy investments over the past two, three years, you're starting to reap the benefits of that. you're seeing that in the financial results more so in the top line but i think you will see that in the back half of 2013 when you start to see margin expansion. >> are your target is 400. >> it is 400. >> and, aaron, do you feel the same way? >> we have a market perform right now. we do like the fundamental outlook for amazon although it is currently 70 times or 2013 earnings and we think it is pricey a lot of the positives at these levels so we would wait for a lower entry point. >> valuation a concern at all. >> right now the stock is trading 26 times cash multiple and grows loes to 40% so trading at diskupter free cash flow growth so not a concern for me. i think amazon is in the position as i said in terms of e-commerce. you have seen it being transformational and
of commerce. john harwood has the latest from the campaign trail. that's after the break. [ male announcer ] for the dreamers... and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. here on cnbc. i'm joe kernen along with andrew ross sorkin. becky is off today on this monday in the year 5771. >> 5773. >> 73? >> i believe 5773. am i wrong? >> i thought you just told me 5771. all right. making -- making headlines -- >> 5773. >> okay. i'm two years behind. anyway, presiden
saying is fedex is really bad, and fedex being a met for for worldwide commerce. >> right. to carl's point it seems it is a metaphor of worldwide commerce which is a reflection of growth and it doesn't seem to be telling us anything particularly good. >> an analogue, a met a more, or a s asimply. >> let's do it all. >> we certainly see it in terms of the impact on ups as well. at the same time, jim, could this, in fact, be the buying opportunity on this time on the pullback ahead of the fourth quarter which is traditionally strong? i mean that is the cycle. if you believe consumers are going to be okay and they're going to buy and ship things to other family members around the world, maybe this your opportunity to get in on the stock on the pullback. >> those who did that last time made money. it went from 85, bounces to 90. i wouldn't be surprised if by tomorrow people say, you know what? this is my play. now the expectations are lowered. the expectations are so low this is no longer factoring in the apple iphone 5. >> so let me factor in another layer of questioning. that is fede
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